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Dec 5, 2012 8:00pm EST
, and he said that it is untanble to not cut them because they are driving the budget deficit, and, you know, the whole entitlement issues, the real core of the problem, the taxing issue, yes, the pyrotechnics, and its -- there's the struggle between the republican and democratic view, but all the numbers people know that it's the entitlement issue so if there's a fix, trajectory to make it somehow stable, that would be -- that's the relation. uh-oh, you have something from the book. >> your books are all ultimately about power, how it's used, squandered, built, and so the sub text of the events that you write about is how life works, how washington works. my favorite sentence in "the price of politics" is, "when you need friends, it's too late to make them." what have you learned about washington and life from the grand bargain? what is the hundred-year lesson from how that unraveled? >> well, you mean last year? what happened last year? well, that they found a way to postpone everything, and, again, they can postpone lots of the problems, but postponement is the theme. the cliche, "ki
Dec 4, 2012 8:00pm EST
the deficit and restructure fiscal policy. so as eventually to bring the budget into balance. this framework must include tax reforms to raise more revenue, encourage growth and enhance progressivity. it must include parameters defining future levels of debt as a share of the gdp. and a date by which the budget will balance. and it must include changes to discretionary spending, entitlements as well as defense. our elected leaders should launch an expedited process to enact legislation that will construct this framework many 2013 -- in 2013, including powerful but appropriate default and enforcement mechanisms. without a recalibrated, sustainable fiscal policy, the united states' international standing will decline, and its national security will be undermined. such an outcome would be bad for the united states and, in our view, bad for the world. as pete said, he and i are joined here today with three, by three distinguished individuals. er is slams of america for -- servants of america for decades who made a difference, who had to come up with tough solutions to very complex problems. and
Nov 28, 2012 8:00pm EST
, this hearing is adjourned. thank you. [inaudible conversations] >>> to find out more and watch event on deficit reduction we have created a special website you can watch video from capitol hill and white house and read the tweets. that's at ! new a few moments we'll hear about the u.n. vote of making palestine a nonmember observer state. from a state department spokesman and from british foreign secretary william hag in about ten minutes. and after that, we'll reair the hearing on amtrak's operations. several live events to telling you about tomorrow. from london they release the report on british media practices that including phone-hacking of people in the news. .. is $50,000. almost four to with the rest costs. and the vast majority of producers who use public schools. we could take the money we spend today, every public school system and save billions of dollars per year at the same or better outcomes. >> deputy secretary of state, bill burns' special envoy met with houston and president ,-com,-com ma mahmoud abbas in new york city to discuss thursday's vote in the u
Nov 30, 2012 8:00pm EST
's actuary says is that, again, over that 30-year period, we would be at a deficit of $16.3 billion. if we had to pay out all of those claims at one time for 30 years was the book of business, and if we had no additional revenue coming in from the new books of business, which we obviously do. so it's what we call a runoff scenario. now, there's been a lot of talk about does fha need to tap into treasury resources in what we call our permanent and indefinite budget authority. i do want to be clear about this. this actuarial does not at all project what happens with respect to our need to tap into treasury dollars. that is done by an entirely separate economic analysis, and, believe me, living by two different steps of economic projections for the same time period is not anyone's desire, but that is the way this works. we had a statutory obligation to do an independent actuary and to calculate a capital reserve ratio based on that independent actuary, and we have a separate obligation under federal credit reform and federal budgeting projections to use the president's projects for economic a
Search Results 0 to 3 of about 4